Forex Trend Analysis Report
Prepared for you on Thursday, June 1, 2023.
Mexican Peso/Czech Koruna (FOREX:MXNCZK)
Strong Uptrend (+100) - MXNCZK is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MXNCZK continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid MXNCZK?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNCZK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MXNCZK
The long-term trend has been UP since Mar 2nd, 2023 at 1.223425
The intermediate-term trend has been UP since May 1st, 2023 at 1.194920
The short-term trend has been UP since May 25th, 2023 at 1.238870
Smart Scan Analysis for MXNCZK
Based on our trend formula, MXNCZK is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).